Aluminum prices are surging. Heres how companies are handling the costs
A Coors Light can and a Ford F150. Gabby Jones | Bloomberg | Brandon Bell | Getty Images Aluminums surge to multiyear highs in the wake of the U.S-Iran war is creating cost pressures for the businesses that manufacture everything from cars to beer cans. Aluminum on the London Metal Exchange has surged more than 13% since the U.S.-Israeli strikes on Iran. The commodity is now up around 19% so far in 2026 and has touched its highest levels since 2022 this year. Stock Chart IconStock chart icon Aluminum in 2026 Prices are being driven higher by the shutdown of the Strait of Hormuz, a key passageway for the delivery of aluminum coming from the Middle East, according to Bernstein analyst Bob Brackett. He estimated that 7% the world‘s aluminum is sourced from the region. Military strikes have damaged facilities and taken about 3% of the world’s supply off the market, the analyst said. Impact to businesses At , Chief Financial Officer Sherry House said the Iran war is clouding the automaker outlooks for aluminum, a key component of its F-150. The Detroit-based producer was expecting commodity headwinds to top $2 billion — roughly double the previous estimate — due largely to higher price tags for aluminum, House said. “It‘s